HHLR ADVISORS, LTD.HHLR ADVISORS, LTD.

Institutional investor · Portfolio as of Q2 2026

Top Holdings35 positions

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Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction
LEGNLEGN
ADR

Legend Biotech Corp. Sponsored ADR

6M$172.8M20.8%$50.33-58.91%
25 qtrssince 2020-Q2
Unchanged
0
FUTUFUTU
ADR

FUTU HLDGS LTD

1.8M$165.8M19.9%$94.89+34.20%
9 qtrssince 2024-Q2
Increased
73

ARRIVENT BIOPHARMA INC

3.9M$136.5M16.4%$17.95+73.53%
10 qtrssince 2024-Q1
Unchanged
0

MARVELL TECHNOLOGY INC

162,933$48.5M5.8%$77.51+216.23%
2 qtrssince 2026-Q1
Decreased
0
VIPSVIPS
ADR

VIPSHOP HLDGS LTD

3.5M$46M5.5%$13.35+5.50%
2 qtrssince 2026-Q1
Increased
93
PDDPDD
ADR

PDD HOLDINGS INC

500,000$38.1M4.6%$114.13-24.00%
17 qtrssince 2022-Q2
Decreased
0
BEKEBEKE
ADR

KE HOLDINGS INC-ADR

2.2M$32.2M3.9%$21.74-17.79%
24 qtrssince 2020-Q3
Decreased
0

CYTEK BIOSCIENCES INC

6.7M$29.5M3.5%$21.41-78.65%
20 qtrssince 2021-Q3
Unchanged
0
956,462$25.9M3.1%$27.09+25.80%
1 qtr
New
80
BABABABA
ADR

ALIBABA GROUP HOLDING-SP ADR

183,934$17.7M2.1%$144.74-17.21%
17 qtrssince 2022-Q2
Decreased
0
831,656$15.6M1.9%$18.71+36.93%
1 qtr
New
65
YSYSG
ADR

YATSEN HLDG LTD

4.9M$15.5M1.9%$10.59-72.24%
23 qtrssince 2020-Q4
Unchanged
0
NBPNBP
ADR

NOVABRIDGE BIOSCIENCES

6M$11.7M1.4%$47.24-96.04%
24 qtrssince 2020-Q3
Unchanged
0

CONTINEUM THERAPEUTICS INC

669,337$11M1.3%$17.61-3.35%
9 qtrssince 2024-Q2
Unchanged
0

MAZE THERAPEUTICS INC

366,028$10.9M1.3%$11.42+159.02%
6 qtrssince 2025-Q1
Unchanged
0
APIAPI
ADR

AGORA INC

2.1M$8.4M1.0%$4.20-1.67%
7 qtrssince 2024-Q4
Unchanged
0
TSMTSM
ADR

TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/

15,510$7.4M0.9%$314.14+32.96%
3 qtrssince 2025-Q4
Decreased
0

SAGIMET BIOSCIENCES INC

724,800$5.6M0.7%$8.80+23.41%
12 qtrssince 2023-Q3
Unchanged
0
NTESNTES
ADR

NETEASE INC-ADR

34,999$4.5M0.5%$128.14-3.68%
1 qtr
New
53

GENERAL ELECTRIC CO COM STOCK

10,043$3.8M0.5%$204.11+73.63%
10 qtrssince 2024-Q1
Unchanged
0
$832.1M
AUM
35
Positions
Q2 2026
Filing
2.5/5
HI score
Quarterly 13F Value Change
+23%Q1'25$3.5B-12%Q2'25$3.1B+32%Q3'25$4.1B-24%Q4'25$3.1B-46%Q1'26$1.7B-50%Q2'26$832.1M
Activity profile
$ moved · Q2'26
New4%Increased6%Decreased61%Exited28%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 3.5 years
<1Q11%1-4Q14%1-2Y9%2Y+66%

HHLR ADVISORS, LTD. manages $832.1M across 35 positions as of Q2 2026. Top holdings: LEGN (20.8%), FUTU (19.9%), AVBP (16.4%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 2.5/5.0.

Q2 2026 Summary

Active quarter - 6 new positions, 9 exits, 6 increased. Top move: VIPS (INCREASED, conviction 93). Portfolio: $832M across 35 positions.

Top holdings by portfolio weight

Total AUM$832M
LEGN20.77%
FUTU19.92%
AVBP16.40%
MRVL5.83%
VIPS5.53%
PDD4.58%
BEKE3.87%
CTKB3.54%
ALMR3.11%
BABA2.12%
Other1.87%

Portfolio allocation by GICS sector

Sectors9
Healthcare48.16%
Financial Services20.97%
Consumer Cyclical13.06%
Technology10.64%
Real Estate4.08%
Consumer Defensive1.96%
Communication Services0.57%
Industrials0.47%
Basic Materials0.10%

Behavioral investing profile

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Balanced Allocator- primarily Healthcare, Financial Services, Consumer Cyclical
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Solid(2.5 / 5.0)
Holdings P&L32
Conviction42
Concentration100
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Similar Funds

Funds with similar investing DNA

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

No active accumulation streaks detected for this filer.

Streaks require 2+ consecutive quarters of increased positions in the most recent period.

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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